Slovakia Industry October 2018

Slovakia

Slovakia: Industrial production picks up in October

December 11, 2018

Industrial production expanded 1.2% year-on-year in October, up from September’s mediocre 0.4% increase. Growth came on the back of a healthy expansion in manufacturing, which more than offset sharp contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Robust increases in the manufacture of transport equipment, and of machinery and equipment, drove the manufacturing sector’s positive performance.

After adjusting for seasonal effects, industrial production rose 0.9% over the previous month in October, contrasting September’s 0.2% month-on-month decrease.

Meanwhile, annual average growth in industrial output edged down from September’s 2.2% to 1.8% in October, the lowest reading in almost six years.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 4.1%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Slovakia? Download a sample report now.

Download

Slovakia Industry Chart


Slovakia Industry October 2018

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Statistical Office of the Slovak Republic (SOSR) and FocusEconomics calculations.


Slovakia Economic News

More news

Search form